-The project will benefit approximately 66,000 students and 4,000 teachers. The IDB Board of Directors approved a $40 million project to promote the necessary skills in Suriname for its development, growth and competitiveness. The project will focus on English language skills, digital skills, and skills for developing tourism, Information and Communication Technology (ICT), agriculture, and industrial maintenance. The project will improve Suriname's educational system's readiness for information and communication technology and support the development of teachers' digital skills. The plan
The Inter-American Development Bank's innovation laboratory, IDB Lab, has launched two innovative initiatives to protect biodiversity and promote sustainable development in the Amazon basin. The move was announced in Manaus, Brazil, during the Sustainability Week of IDB Invest, the private sector arm of the IDB Group, an event where global and regional leaders joined forces to foster sustainable solutions for the Amazon region. The approved projects, Amazon BeEco and ReGenerate Accelerator and Investment Fund for the Amazon, will provide bioeconomy training for families, communities and early
With the economic and social stresses of the pandemic receding, Caribbean economies are experiencing continued growth into 2024, according to a new report by the Inter-American Development Bank (IDB). After the strong economic recovery of 2021–2023, Caribbean economies continue to grow at a somewhat faster pace than the Latin America and the Caribbean region, though country circumstances vary. For example, economic growth in Guyana is expected to be over 30% this year, while tourism-oriented economies are expected to grow only 2.6%. At the same time, economies are experiencing diverging
The call will be open from May 20 to June 28, 2024 The Inter-American Development Bank Group (IDB Group) launched the seventh edition of the Superheroes of Development contest to recognize clients and executing institutions excelling in the successful resolution of challenges during the implementation stage of development projects. Superheroes of Development is a BIDAcademy initiative that rewards the best lessons learned from operations containing stories that have the potential of helping other initiatives attain effective implementation. Studying the challenging path that others have
The new series will explore inequality, how it intersects with factors including gender and race, and how it impacts access to education or employment. BIDAcademy, the knowledge and learning platform of the IDB Group – which consists of the Inter-American Development Bank (IDB), IDB Invest and IDB Lab – has kicked off "Rethinking Equality ." This new podcast series will analyze the causes of inequality in Latin America and the Caribbean, the reasons for its persistence, and ways to reduce it to build a better future. Over the series’ 12 episodes on the "Voices in Action" podcast , Ana María
Following the success of the Paramaribo Urban Rehabilitation Program (PURP), the Inter-American Development Bank (IDB) has approved a US$30 million loan to support Suriname in continuing its efforts in urban heritage revitalization. PURP II is designed to breathe new life into the cultural heritage of Suriname’s capital, Paramaribo, a city rich in history and home to 44% of the country's population. The loan, which has been approved by the IDB Board of Executive Directors, will continue to help reverse the decay of the city’s cultural assets and enhance their value by physically restoring
PUNTA CANA, Dominican Republic — The Caribbean Governors of the Inter-American Development Bank Group (IDB Group) endorsed the “One Caribbean” program, a comprehensive framework designed to support enhancing living standards across the Caribbean region. The program focuses on four pillars: climate adaptation, disaster risk management and resilience; citizen security; private sector engagement; and food security, as well as two cross-cutting areas, strengthening institutions and facilitating digital transformation. The signing of this endorsement statement took place during the IDB and IDB
The Inter-American Development Bank (IDB) agreed on a US$12 million financing support to Suriname to enhance access to credit for micro, small, and medium-sized enterprises (MSMEs), focusing on bio-businesses.
Public debt load in the Caribbean has fallen sharply to near pre-pandemic levels, according to a new report by the Inter-American Development Bank (IDB), which urges governments to continue on the path of prudent debt management, given uncertain global risks. The publication reveals that the average debt-to-GDP ratio rose from 75% in 2019 to 99% in 2020 and is estimated to have fallen to 77% at the end of 2023. The sharpest declines were observed in Guyana between 2020 and 2022 and in Jamaica between 2010 and 2019. “ Dealing with Debt in the Caribbean, ” part of the Caribbean Economics